Gervis v. Kay

Opinion by

Mr. Chief Justice Moschzisker,

This is an action to recover damages for an alleged conversion of two hundred shares of the common stock of the Mack Truck Company, pledged by A. A. Gervis, plaintiff, to Kay, Richards & Co., a partnership, defend ants, and held by them to secure the unpaid balance of the purchase price advanced to plaintiff, who acquired the stock on margin through defendants’ brokerage office. The verdict was against defendants; a new trial was granted, and plaintiff has appealed from that order. Defendants also have appealed, contending that they are entitled to…